Market Overview

Global Thermal Ceramics Market 2018-2022 | Enforcement of Stringent Safety Guidelines to Drive Demand | Technavio

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Technavio
analysts have predicted the global thermal ceramics market to grow at a
CAGR of over 6% during the forecast period, according to their
latest market research report.

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Technavio has published a new market research report on the global thermal ceramics market from 2018 ...

Technavio has published a new market research report on the global thermal ceramics market from 2018-2022. (Graphic: Business Wire)

The increasing demand for lightweight and high-performance materials is
one of the major trends being witnessed in the global
thermal ceramics market 2018-2022
. Demand has gone up for
lightweight and high-performance materials from various end-user
industries. These advanced materials can be used in various industrial
applications to reap benefits from their energy-saving and
wear-resistance properties. They are preferred in high-friction
applications as thermally conductive materials. These materials are
widely used in the aerospace and defense, and automobile industries.
Among the various types of high-performance materials, thermal ceramics
are the most preferred given their tendency to be temperature and
thermal shock resistant while also being non-conductive.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global thermal ceramics market is the enforcement of
stringent safety guidelines:

Global thermal ceramics market: Enforcement of
stringent safety guidelines

Regulatory agencies are enforcing stringent rules and regulations
regarding safety in the work environment. These rules also mandate
thermal insulation, chemical safety, and electrical safety in risky and
hazardous working environments. A similar trend is being observed in
emerging countries such as India and Brazil where the incidence of
workplace accidents is high due to the lack of adequate safety measures.
Workplace accidents result in costly compensation, loss of productive
hours, and high medical costs.

According to a senior analyst at Technavio for research on specialty
chemicals, "Organizations are increasingly adopting appropriate
insulation materials in machinery and other equipment. The global count
of the industrial workforce is on a continuous rise, with countries such
as India, China, Indonesia, and Brazil leading the trend. This will
likely increase the need for safety, hence, the high demand for thermal
ceramics."

Global thermal ceramics market: Segmentation
analysis

The global thermal ceramics market research report provides market
segmentation by product (ceramic fibers and insulation bricks), by
end-user (mining and metal processing, petrochemicals, manufacturing,
and power generation), and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

Ceramic fibers held the largest market share in 2017, accounting for
nearly 78% of this market. This product segment is expected to dominate
the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 40%. This
region is expected to dominate the market through 2022, with an increase
in its market share by nearly 2%.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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